Reeling USPS Records $3.8B Loss for 2009
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The cost savings reflect a reduction of 40,000 career USPS employees as well as reductions in overtime hours, transportation and other costs. For the fiscal year, total mail volume declined by 25 billion pieces (12.7 percent) from 202.7 billion pieces to 177.1 billion pieces. The $3.8 billion loss exceeds the 2008 loss of $2.8 billion.
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